According to mckenzie and lee textbook, in very large group setting, tough bosses (leaders) cannot overcome which of the following
A. shirking problems
B. free-rider problems
c. tragedy of the commons
D. All of these above
Option D.
In very large group setting, tough bosses cannot overcome the problem of shirking, free rider problems and tragedy of commons. In a large group setting, it becomes unavoidable to deal with the problems of free rider and tragedy of commons because it becomes difficult to control such a large group setting.
According to mckenzie and lee textbook, in very large group setting, tough bosses (leaders) cannot overcome...
In extremely large groups (like that of a country or a state), tough bosses can help overcome all but the following? A.) free-rider problems B.) Shirking problems C.) The tragedy of the commons D.) A tough boss cannot overcome any of them
Answer the following multiple choice questions. Rational behavior implies that a. a person recognizes the real cost of acquiring or doing something. b. a person will choose among preferences so as to maximize his or her satisfaction. c. a person can rank preferences. d. a person has preferences and can identify them. e. All of the above. In extremely large groups (like that of country or a state), tough bosses (leaders) can help overcome all but the following problems. a....
Answer the following multiple choice questions: 1. Market prices are: a. irrelevant to rational choice b. an indication of how scarce items are. c. all money prices divided by themselves. d. only important to retailers. 2. What is considered “rational” by one persona may not be “rational” to another person because: a. of ethical considerations that give rise to different value judgments. b. people have different preferences c. of the effects on the...
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Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are not used.) a. invented capitalism b. invented socialism c. founder of modern macroeconomics d. founder of modern market economics e. predicted the end of capitalism 5. If a firm has trouble selling its good, it can a. lower price. b. increase demand. c. decrease supply. d. both a) and b) are correct. 6. People often pay too much for goods because they are not...